Repayment

Unless you have been hiding behind a rock for the past couple weeks, you would have noticed the coverage of the tracker mortgage scandal in the media. This is where banks have been accused of wrong doing to the public in relation to tracker mortgages taking out. I will run through a few questions that should help shed light on the area. The banks calculated that, even though they might lose money on these products, they could then “hook-in” the people who owned trackers and up-sell them more loans for cars, home improvements, and holidays, all of which would carry higher rates. The higher rates for other loans would off-set the losses on trackers and the banks got sneaky and reacted in the way they always do which is to screw the customer for the banker’s own mistakes and miscalculations.

Sign up to get a free financial review!

Testimonial

I would like to recommend Alpha Wealth. I have consulted with various advisors on different topics; healthcare, mortgage & personal finance. They are very knowledgeable and strive to do the best for you. I use Alpha wealth for their expertise and professionalism and would have no hesitation recommending them to friends, colleagues and business associates.